To whom is the initial franchise fee paid for Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
| EXPENDITURE | AMOUNT | PAYMENT METHOD | WHEN DUE | TO WHOM |
|---|---|---|---|---|
| Initial Franchise Fee | $35,000 to $85,000 (depending on Franchise Tier) | Check or Wire Transfer | One-half upon execution of the Franchise Agreement, remaining one- half 30 days after signing. | Us |
| Initial Nurse Kits | $5,100 to $10,200 | Check or Wire Transfer | Upon | Our affiliate Advanced Mobile Distribution, LLC |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the initial franchise fee, which ranges from $35,000 to $85,000 depending on the franchise tier, is paid to "Us". In this context, "Us" refers to the franchisor, Advanced Mobile Iv And Amiv. The payment can be made via check or wire transfer. One-half of the fee is due upon the execution of the Franchise Agreement, with the remaining half due 30 days after signing.
In addition to the initial franchise fee, new Advanced Mobile Iv And Amiv franchisees will also need to pay for initial nurse kits. These kits range from $5,100 to $10,200 and are paid to Advanced Mobile Distribution, LLC, an affiliate of the franchisor. These payments are also made via check or wire transfer and are due upon receipt.
Understanding where your initial investment goes is crucial for prospective franchisees. The FDD provides a breakdown of to whom each payment is made, allowing for informed financial planning. It is important to note that, except as provided in Item 5, any fees paid to Advanced Mobile Iv And Amiv are non-refundable, while amounts paid to third parties may be refundable depending on the contracts between the franchisee and those third parties.